As anyone who drives will know, owning a car can put a huge dent in your wallet. Between insurance, gas, routine maintenance and repairs, your vehicle is likely one of the most cost-intensive things you own. Wouldn’t it be great if, instead of being a financial burden, your car could actually help you earn money for once? Fortunately, there are several ways the aspiring entrepreneur can do this. Here are five ways to turn your car into a money machine.
Run a School Shuttle
If you drive your children to and from school each day, you know what a hassle it can be. You’re not the only parent to feel this way, and you can use that to your advantage. Because you’re taking your own kids, why not offer to take other people’s kids, too? Many parents who are strapped for time and energy will happily pay you for this essential service.
Start a Hauling Service
Do you own a van or pickup truck? If so, that empty cargo space is full of untapped potential. Consider making it into a source of income by offering hauling services. Many people don’t have vehicles that are roomy enough to take home large items they buy, so they’re often willing to pay a fee to someone who does. This could also extend to taking trash to the dump or helping people move.
Become a Taxi Driver
Driving a taxi can be a lucrative and interesting job. Not only does it provide an opportunity for meeting all kinds of people but also helps you capitalize on your vehicle. One easy way to get started is by signing up with Uber, a mini taxi service. If you have a good driving record, the licensing required by your state and your car is under five years old, you qualify. Customers who either can’t or don’t want to drive will pay you handsomely to take them where they need to go.
These days, many stores allow you to order groceries online and have them delivered. Unfortunately, there’s a significant down side to this. You can’t guarantee that the person choosing your groceries will get the right items, or that the fresh foods they select won’t be of poor quality. If you’re known amongst your friend and family as a discriminating person who pays attention to detail, you can make good money picking up and delivering groceries yourself.
Cash In on Old Parts
Do you have a broken-down car in your garage that would cost more to fix than it’s worth? If so, this can be a great way to make some money. If the parts are still functional and in good condition, you can sell them as original replacements. This method will pay especially well if your car is older with parts that are difficult to find. Sometimes getting rid of your old car or truck is just a good financial move but no place will buy it from you. Locations like Mike’s Auto Towing take and sell old trashed cars and parts so there is a possibility you might be able to recycle your old vehicle.
There are many ways to make some extra money, and your car is one of the best. By taking advantage of these tips, you can make your car work for you while enjoying a higher standard of living.